In Re Germann

MEMORANDUM OPINION ON CONFIRMATION OF CHAPTER 13 PLAN PROPOSING PAYMENT OF 2% ON UNSECURED CLAIMS

JEREMIAH E. BERK, Bankruptcy Judge.

On April 14,1980 the debtors filed a joint petition under Chapter 13 of the Bankrupt cy Reform Act of 1978 (“Bankruptcy Code”) Pub.L. 95-598, 92 Stat. 2549, et seq., 11 U.S.C. § 101 et seq. After having been adjourned from time to time, the debtors’ amended plan proposing a 2% payment on allowed unsecured claims came on for confirmation hearing on October 23, 1980.

FINDINGS OF FACT

The original Chapter 13 plan filed on April 14, 1980 proposed a 1% dividend on…